#United States #Washington D.C. #Sayari Labs #BIS50 Signal #export control

Sayari Labs Unveils the BIS50 Signal for Enhanced Risk Management

Sayari Labs, Inc., a U.S.-based company headquartered in Washington D.C., has recently introduced a groundbreaking solution for export and supply chain risk management. Known as the BIS50 Signal, this new tool aims to assist businesses in navigating the complexities of corporate control relations among suppliers, particularly in the context of stricter regulations set forth by the U.S. Department of Commerce's Bureau of Industry and Security (BIS).

The Need for the BIS50 Signal

The evolution of export regulations has brought about increased scrutiny on corporate control networks and their potential implications on global trade transactions. With the growing possibility of enhanced regulatory measures similar to the 50% Rule utilized by the U.S. Treasury's Office of Foreign Assets Control (OFAC), Sayari Labs recognized the urgent need for improved solutions. The 50% Rule states that if a sanctioned company possesses 50% or more ownership of another entity, that entity is also regarded as subject to sanctions. The BIS50 Signal addresses this concern by highlighting entities on the BIS Entity List and Military End-User (MEU) List that are under predominant control of other listed corporations, helping organizations stay compliant while mitigating risks.

What is the BIS50 Signal?

The BIS50 Signal leverages Sayari's extensive global enterprise database along with sophisticated algorithms to detect majority ownership of thousands of companies by entities listed in the BIS Entity List and MEU List. This solution delivers actionable insights to users, enabling them to make informed decisions regarding their business relationships and compliance efforts.

The data provided is readily available in CSV and JSON formats, ensuring ease of access for businesses looking to implement this advanced risk management tool. By adapting the detection algorithms to align with OFAC’s 50% Rule, Sayari can effectively identify potential risks stemming from corporate affiliations and control structures that have not previously been visible.

Features of the BIS50 Signal

The BIS50 Signal offers:

• - Comprehensive Data Access: Access to thousands of entities with majority ownership by listed companies, permitting a clear understanding of corporate networks and governance.
• - Immediate Availability: Data can be utilized immediately in CSV or JSON formats, maximizing operational efficiency for users.
• - Robust Detection Algorithms: Built on insights from over 770 million company records, the BIS50 Signal can significantly improve compliance monitoring and risk assessment.

Sayari's Continued Commitment to Risk Management

With the addition of the BIS50 Signal, Sayari Labs emphasizes its commitment to delivering innovative solutions that adapt to changing regulatory landscapes. This new feature empowers users to stay ahead of potential export control measures, providing a strategic advantage in risk management.

About Sayari Labs

Founded in 2015, Sayari Labs is dedicated to visualizing networks of corporate transactions and ownership structures to assist in various risk analyses, including economic security. With an impressive database exceeding 7 billion records, Sayari is revolutionizing transparency in risk management. The company has been recognized for its pioneering contributions, winning accolades such as the Supply & Demand Chain Executive: Top Tech Start-Up Award and being listed in Deloitte's Technology Fast 500 for four consecutive years. As a rapidly growing tech leader, Sayari Labs continues to serve government agencies and multinational corporations worldwide.

For more information, visit: Sayari Labs

Sayari Labs, Inc.
Headquarters: 1152 15th Street Northwest, Washington DC 20005
Tokyo Office: 14th Floor, 3-1-1 Kyobashi, Chuo Ward, Tokyo, Japan